Washington, Jan. 23 -- The Trump administration on Friday expanded its sanctions targeting Iran's oil trade and maritime networks, issuing a new Iran-related general license and updating its Specially Designated Nationals (SDN) list with entities and oil tankers tied to Iran's petroleum sector.
The Iran-related General License T, issued by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), authorizes "limited safety and environmental transactions and the offloading of cargo involving certain persons or vessels blocked on January 23, 2026."Meanwhile, OFAC updated its SDN list, adding multiple shipping companies and nine oil tankers in alleged links with Iran. The move is expected to effectively block their U.S. p...